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05-24-10 Council Agenda & Packet
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05-24-10 Council Agenda & Packet
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9/1/2015 1:17:00 PM
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5/20/2010 10:42:58 AM
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City Council - City Clerk
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3. Employ residents of Census Tracts in Economically Distressed Areas. <br />Employ residents of Census Tracts in Economically Distressed Areas as a <br />percentage of total coMpany company employees. one hundred 100 public benefit points <br />awarded in cumulative increments based on the number of Economical) <br />Distressed Area residents employed as a percentage of total company employees <br />as follows: <br />1. 1% to 10% of ern to ees <br />twenty-five. <br />25 <br />public benefit 12oints <br />2. 11%o to 20% of employees <br />twenty-five <br />25 <br />additional public benefit <br />amts <br />3. 21 °Io to 30% of employees <br />twenty-five <br />25 <br />additional public benefit <br />oints <br />4. More than 30 % of employees <br />twenty-five <br />(25). <br />additional public benefit <br />olnts <br />(2) Public benefit points thresholds and additional abatement years, except <br />multi family development. Except with respect to multi - family development <br />projects, the threshold number of public benefit points required to earn <br />consideration by the Council of each additional year of abatement shall be as set <br />forth below: <br />IMMIL -7 <br />07d <br />lac• <br />16 <br />
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